Cantor Fitzgerald Lowers Realty Income (NYSE:O) Price Target to $60.00

by · The Cerbat Gem

Realty Income (NYSE:O – Get Free Report) had its target price reduced by equities research analysts at Cantor Fitzgerald from $64.00 to $60.00 in a research note issued on Thursday, MarketBeat Ratings reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 5.59% from the stock’s previous close.

A number of other brokerages also recently weighed in on O. Royal Bank Of Canada increased their price objective on shares of Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday. Wolfe Research downgraded Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. UBS Group boosted their price target on Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a research report on Wednesday, October 8th. Finally, Evercore ISI began coverage on Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 target price on the stock. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.33.

Read Our Latest Report on Realty Income

Realty Income Stock Performance

Shares of Realty Income stock traded up $0.50 during trading on Thursday, hitting $56.83. 5,954,520 shares of the company’s stock traded hands, compared to its average volume of 5,534,950. Realty Income has a 1 year low of $50.71 and a 1 year high of $61.08. The business has a 50-day simple moving average of $59.21 and a 200-day simple moving average of $57.88. The stock has a market capitalization of $51.96 billion, a P/E ratio of 55.17, a PEG ratio of 4.46 and a beta of 0.77. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85.

Realty Income (NYSE:O – Get Free Report) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, analysts forecast that Realty Income will post 4.19 EPS for the current year.

Insider Activity

In related news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the transaction, the director owned 19,211 shares of the company’s stock, valued at $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA acquired a new stake in shares of Realty Income during the 2nd quarter valued at about $25,000. Keystone Global Partners LLC acquired a new position in Realty Income in the 1st quarter worth about $26,000. Heartwood Wealth Advisors LLC purchased a new position in Realty Income during the third quarter worth approximately $29,000. Avion Wealth increased its position in shares of Realty Income by 142.4% in the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 309 shares in the last quarter. Finally, Strengthening Families & Communities LLC raised its stake in shares of Realty Income by 586.1% during the 3rd quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 422 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

About Realty Income

(Get Free Report)

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust (“REIT”), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.

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